FIX newbie

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Imported from previous forum

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my consulting firm just won a project to implement FIX in a small investing firm.
i really want to get onto that project…
so what would you recommend for a newbie to learn FIX…

  • do i need lotta knowledge of financial markets…if i do, can you pls recommend good books…
  • i read thru the FIX spec but its like java spec; just straight up details. is there any book/articles that walk thru an example for FIX…

i understood most part of the FIX protocol…also to an extent the tags and purpose of each one of them…but i can’t still seem to put them all together…so i am looking for examples, books, articles…[did a google search but still can’t find what i want]

any help is highly appreciated…

3

much of the information in the following links would be useful to you

http://fixprotocol.org/discuss/read/dfab9e28

my consulting firm just won a project to implement FIX in a small
investing firm. i really want to get onto that project… so what would
you recommend for a newbie to learn FIX…

  • do i need lotta knowledge of financial markets…if i do, can you pls
    recommend good books…
  • i read thru the FIX spec but its like java spec; just straight
    up details. is there any book/articles that walk thru an
    example for FIX…

i understood most part of the FIX protocol…also to an extent the tags
and purpose of each one of them…but i can’t still seem to put them all
together…so i am looking for examples, books, articles…[did a google
search but still can’t find what i want]

any help is highly appreciated…

4

Try these links as well,

Below links will help you understand a typical FIX implementation process step by step, will be very helpful in your scenario where you need to implement FIX for a small investing firm
http://fixprotocol.org/implementation-guide/
http://fixprotocol.org/documents/624/SamJohnson-20010227-FIXandFIXMLImplementation.pdf

Slides 32 to 72 of below presentation will help you understand the overall business flow in co-relation with usage of FIX, overall implementation scenario and industry standards,
http://fixprotocol.org/documents/622/ScottAtwell-20010226-AdvancingFIXStandards.pdf

In general you should go through most of the material on below link if you haven’t done so,
http://fixprotocol.org/specifications/TechDoc-Beginner

Good luck,
Bipin

much of the information in the following links would be useful to you

http://fixprotocol.org/discuss/read/dfab9e28

my consulting firm just won a project to implement FIX in a small
investing firm. i really want to get onto that project… so what would
you recommend for a newbie to learn FIX…

  • do i need lotta knowledge of financial markets…if i do, can you
    pls recommend good books…
  • i read thru the FIX spec but its like java spec; just straight
    up details. is there any book/articles that walk thru an example
    for FIX…

i understood most part of the FIX protocol…also to an extent the tags
and purpose of each one of them…but i can’t still seem to put them
all together…so i am looking for examples, books, articles…[did a
google search but still can’t find what i want]

any help is highly appreciated…

5

Hi,

You may want to consider downloading, building and then debugging through a QuickFIX example. QuickFIX, (in case you dont know) is an open source FIX library, but more importantly, it serves as a mostly accurate example of the FIX protocol in motion!
You can download the library here -
http://www.quickfixengine.org/download.html

Best of Luck!

Prateek

my consulting firm just won a project to implement FIX in a small
investing firm. i really want to get onto that project… so what would
you recommend for a newbie to learn FIX…

  • do i need lotta knowledge of financial markets…if i do, can you pls
    recommend good books…
  • i read thru the FIX spec but its like java spec; just straight
    up details. is there any book/articles that walk thru an
    example for FIX…

i understood most part of the FIX protocol…also to an extent the tags
and purpose of each one of them…but i can’t still seem to put them all
together…so i am looking for examples, books, articles…[did a google
search but still can’t find what i want]

any help is highly appreciated…

6

my consulting firm just won a project to implement FIX in a small
investing firm. i really want to get onto that project… so what would
you recommend for a newbie to learn FIX…

  • do i need lotta knowledge of financial markets…if i do, can you pls
    recommend good books…
  • i read thru the FIX spec but its like java spec; just straight
    up details. is there any book/articles that walk thru an
    example for FIX…

i understood most part of the FIX protocol…also to an extent the tags
and purpose of each one of them…but i can’t still seem to put them all
together…so i am looking for examples, books, articles…[did a google
search but still can’t find what i want]

any help is highly appreciated…
Like to try FixExpress in linux. It connects to exchange and sell-side broker right away. It is free downloadable for testing at A Person to Person Business Site. You may learn how to connect FIX sites, and how a OMS works.

Good luck,
peng

7

my consulting firm just won a project to implement FIX in a small
investing firm. i really want to get onto that project… so what would
you recommend for a newbie to learn FIX…

  • do i need lotta knowledge of financial markets…if i do, can you pls
    recommend good books…

In addition to FIX-specific literature and specifications, you may also want to read a book titled “Securities Operations” by Michael Simmons - this is a great introduction to electronic trading operations in general and can be very helpful in understand the context in which people are using FIX-enabled applications. I would highly recommend you read that book at the same time that you are learning the technical specifics of the FIX protocol.

8

Hi Russel,

I have been looking for this book (“Securities Operations” by Michael Simmons)mentioned by you below. Is this available for free download somewhere?

Thanks

Sumit

my consulting firm just won a project to implement FIX in a small
investing firm. i really want to get onto that project… so what would
you recommend for a newbie to learn FIX…

  • do i need lotta knowledge of financial markets…if i do, can you
    pls recommend good books…

In addition to FIX-specific literature and specifications, you may also
want to read a book titled “Securities Operations” by Michael Simmons -
this is a great introduction to electronic trading operations in general
and can be very helpful in understand the context in which people are
using FIX-enabled applications. I would highly recommend you read that
book at the same time that you are learning the technical specifics of
the FIX protocol.

9

Hi Russel,

I have been looking for this book (“Securities Operations” by Michael
Simmons)mentioned by you below. Is this available for free download
somewhere?

Thanks

Sumit

Hi Sumit,

I’m not aware of that book being available online anywhere, although amazon.com has it available for the Kindle e-book reader.

Regards,

Russ

10

Thank for all your replies…
i will read the book “Securities Operations” by Michael Simmons to begin with…
but also get quickfix/j and test it